Indonesian Agency Gets
Bids for Asia Pulp Debt

JAKARTA, Indonesia -- The Indonesian Bank Restructuring Agency said it has received three new bids to buy about $900 million of Asia Pulp & Paper Co. debt.

IBRA chief Syafruddin Temenggung said the bids will be evaluated in two stages. Investors must show their willingness to participate in a $6.6 billion restructuring deal that covers debts at APP's Indonesian units. "After they pass [that stage], then we will see the [bid]...